Closure costs, debts and liabilities, Alumina need to know they are on an equal footing, Company ratings need to be reaffirmed. Only getting a dividend from the AWAC JV, Alumina needs to know that it shareholder interests are protected, and need to run the numbers on the New Alcoa books.
So either Alcoa absorb Alumina/buy out AWAC, with an offer to make the separation clean or balance the books so the AWAC JV is no worse off.
Going to be interesting
AWC Price at posting:
$1.39 Sentiment: Hold Disclosure: Held
